{"id":1760,"date":"2022-08-03T17:46:11","date_gmt":"2022-08-03T21:46:11","guid":{"rendered":"https:\/\/garrettroofingknoxville.com\/?p=1760"},"modified":"2022-08-03T17:57:27","modified_gmt":"2022-08-03T21:57:27","slug":"is-inflation-affecting-your-remodeling-plans","status":"publish","type":"post","link":"https:\/\/garrettroofingknoxville.com\/is-inflation-affecting-your-remodeling-plans\/","title":{"rendered":"Is Inflation Affecting Your Remodeling Plans?"},"content":{"rendered":"<h2>WHEW&#8230;<\/h2>\n<p>East Tennesseans are reeling from the effects of rampant inflation\u2014the highest in 40 years\u2014and are rethinking expenditures on everything, including home remodeling.<\/p>\n<p>A recent national survey revealed that 60 percent of homeowners are less comfortable about making large purchases for their homes because of rising prices. According to Hippo Insurance\u2019s\u00a0<a href=\"https:\/\/www.hippo.com\/blog\/homeowner-preparedness-report\" target=\"_blank\" rel=\"noopener\">2022 Homeowner Preparedness Report,<\/a> nearly 43% either strongly (14.4%) or somewhat (28.4%) agree that inflation has caused them to delay planned home improvement or maintenance projects.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1761\" src=\"https:\/\/garrettroofingknoxville.com\/wp-content\/uploads\/2022\/08\/wrench-dollar-inflation.jpg\" alt=\"\" width=\"582\" height=\"388\" srcset=\"https:\/\/garrettroofingknoxville.com\/wp-content\/uploads\/2022\/08\/wrench-dollar-inflation.jpg 950w, https:\/\/garrettroofingknoxville.com\/wp-content\/uploads\/2022\/08\/wrench-dollar-inflation-300x200.jpg 300w, https:\/\/garrettroofingknoxville.com\/wp-content\/uploads\/2022\/08\/wrench-dollar-inflation-768x512.jpg 768w\" sizes=\"(max-width: 582px) 100vw, 582px\" \/><strong>Primary considerations include:<\/strong><\/p>\n<ul>\n<li>Current Problems With the Home\u00a0&#8211; If a home has underlying issues, it will absolutely contribute to the price of the remodel. Possible issues with the structure of the home, water damage and other issues are contributing factors to the cost of a home remodel.<\/li>\n<li>Cost and Availability of Materials\u00a0&#8211;\u00a0 In general, raw material prices are extremely volatile, with higher prices becoming common.<\/li>\n<li>Scale of the Remodel\u00a0&#8211; The scale of the remodel will be the ultimate factor when determining the price Complete remodels will be priced on the higher end while partial remodels will be much more affordable in most cases.<\/li>\n<\/ul>\n<p>Financing renovations or improvements also is getting more expensive, with interest rates expected to continue ticking upward as the Federal Reserve drives rates higher to battle inflation.<\/p>\n<p><strong>So, what\u2019s an East Tennessee homeowner to do?\u00a0<\/strong><\/p>\n<p>Start with a routine inspection of your home,\u201d said Courtney Klosterman, consumer trends expert at Hippo. \u201cTake note of any visible imperfections, such as cracks in the foundation or damp areas, which could be an early sign of mold.\u201d<\/p>\n<p>From there, Klosterman said, create a list of must-dos and nice-to-dos, so you can work through your list over time.\u00a0\u201cPrioritize issues that are known to be costlier to repair such as water leaks and any structural issues around the house,\u201d she said. \u201cNot all home repairs are created equal, so it\u2019s important to look for signs that a project needs to be addressed quickly.\u201d<\/p>\n<p>Even with inflationary pressures, you may still be ready to do that special remodeling enhancement to your home or fix that problem that can grow bigger over time. <a href=\"https:\/\/garrettroofingknoxville.com\/construction\/\">Garrett Construction and Roofing<\/a> can customize your design just the way you like it. And we can make the project easier on your cash flow with our attractive in-house financing. <strong><a href=\"https:\/\/app.gethearth.com\/financing\/24010\/36733\/prequalify?utm_campaign=24010&amp;utm_content=grey&amp;utm_medium=contractor-website&amp;utm_source=contractor&amp;utm_term=36733\" target=\"_blank\" rel=\"noopener\">LEARN MORE<\/a><\/strong><\/p>\n<p>Under the experienced leadership of\u00a0<a href=\"https:\/\/garrettroofingknoxville.com\/team\/\">Matt Garrett<\/a>, Garrett Construction and Roofing has been serving the East Tennessee area since 2005. We are a licensed General Contractor and\u00a0our general services range from full residential and commercial construction projects to remodeling, painting, drywall, roofing and gutters. We also help with disaster recovery with experienced teams available to address fire and water damage.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<h4><a href=\"https:\/\/garrettroofingknoxville.com\/make-an-appointment\/\" target=\"_blank\" rel=\"noopener\">CONTACT<\/a> GARRETT CONSTRUCTION AND ROOFING TODAY\u00a0 \u00a0|\u00a0 Renovation Specialists and Problem Solvers<\/h4>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WHEW&#8230; East Tennesseans are reeling from the effects of rampant inflation\u2014the highest in 40 years\u2014and are rethinking expenditures on everything, including home remodeling. A recent national survey revealed that 60 percent of homeowners are less comfortable about making large purchases for their homes because of rising prices. According to Hippo Insurance\u2019s\u00a02022 Homeowner Preparedness Report, nearly&#8230;<br \/><a href=\"https:\/\/garrettroofingknoxville.com\/is-inflation-affecting-your-remodeling-plans\/\" class=\"button button-blog\">Read More \u00bb<\/a><\/p>\n","protected":false},"author":6,"featured_media":1762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,16],"tags":[65,95,94,84,26],"acf":[],"_links":{"self":[{"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/posts\/1760"}],"collection":[{"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/comments?post=1760"}],"version-history":[{"count":9,"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/posts\/1760\/revisions"}],"predecessor-version":[{"id":1771,"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/posts\/1760\/revisions\/1771"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/media\/1762"}],"wp:attachment":[{"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/media?parent=1760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/categories?post=1760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/garrettroofingknoxville.com\/wp-json\/wp\/v2\/tags?post=1760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}